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381  Economy / Economics / Re: The Era of P&D Is Over on: May 22, 2017, 07:22:24 PM

You know, I just wanted to mention that I don't want to give the impression that contrasting opinions are not welcome in this thread. The fact that I've commented strongly against the idea that things never change should not be construed to mean that I don't want counter opinions to the possibility that we are currently experiencing a fundamental shift in crypto.

Quite the contrary! I want counter arguments, but they need to be just that: arguments! Just saying that things never change without saying what you base your opinion on are, to be honest, worthless statements. Even more specific comments like there is no change happening now are useless if you have no rational argument developed to support your opinion. However, almost everything is admissible if it's backed up with rational arguments!

So don't get me wrong, it's not like I don't want you to give dissenting opinions; it's just that I want you to support your view with observational data of some sort. It doesn't even have to necessarily be objective, but you do need to say WHY you think what you think and give examples for what you're talking about. I have cited clearly observable massive money flow over the last few months into crypto as one of my arguments (and I will share more of the same as I get time to do more analysis) that looks quite sustained until now. One possible counter argument would be to develop a thesis for why this is an anomaly, or, even better, a misinterpretation of the data on my part, for example. Have at it! I'm looking for healthy, open, honest and good faith debate.

Please shoot down my initial conclusions (I'm sure you'll be helping me to save a lot of money if you successfully do), but please do so with real arguments and without empty dogmatism. Who knows, we might even make some money together – the most important aspect of this thread should be that it is mutually beneficial. Wink
382  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign on: May 22, 2017, 07:21:21 PM
Hello,
I have some digibyte on my iphone but the wallet it's not working.How to recover them?
Thanks!

Please PM us, preferably on telegram as it is more secure.

Are you releasing that roadmap with news you said two days ago?
We have already released faqs and updated roadmap on website within the 24 hours we mentioned.  We are working on a better version of both for marketing distribution. We will be updating more stuff throughout today and tomorrow. We have been absolutely bombarded with messages, questions and support the last few days. It is a great problem to have!  Stay tuned everyone!

So, what were you doing before? Say between SegWit activation and now? Or weren't you expecting this type of interest? Why are/were you so unprepared? The question is doubly important when keeping in mind that many of us have been prodding you for years to get this stuff done? Triply important when remembering you having said that people need to read the code if they want to know.

Yeah, right.

Same old story: hiding instead of answering, and, as always, a day late and a dollar short.

You've done a great disservice to all, most especially to yourself. It's a shame because there really was potential there.
383  Economy / Economics / Re: The Era of P&D Is Over on: May 22, 2017, 04:02:19 PM

There's size money driving these markets. Everything I'm looking at says that this is anything but pump and dump. I could be wrong though. That's one of the reasons why I started this thread.  Wink

Look at that leader board! Huge fiat inflows = demand overwhelming supply. Early cycle leaders indicating there's more to come.


https://i.imgur.com/VDdgJ2p.jpg?1
384  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign on: May 21, 2017, 10:56:58 PM


How's it going to be financed? Who's going to pay for the payouts?

If you ask me, it's on permanent pause.



why don't you let it go.. why are you even here? I've read thru the last 5 or so pages in the thread and all you do is FUD. Sounds like you're bitter for some unknown reason. There's countless other coins you could bash. how bout travelling to the bytecoin thread and bash the non existent devs over there. at least this dev is present. Just leave. and before you even try to reply to me with your concerns, just realize, I do not care and will probably not even read your response.

He's a hardcore XMY supporter, that's why. Just read his posts at the XMY thread.

Shame he shat all over his reputation so hard nobody will listen to him when he starts talking about XMY.  Wish he'd just get out of the DGB threads unless he wants to be productive again (not bringing up the same old posts in quotes every page to get maximum FUD).

Oh I feel soooooo sorry for you.

Reality bites.

And it's comical to see just how little you actually know about what you're doing and talking about. A hard core XMY supporter? ROFL

This new round of "newbies" to DGB has a profile exactly like the previous from a little over a year ago, but I'm certainly not going to say you're a bunch of sock puppets (even though it's uncanny just how similar you are). No. It's something much more telling: it's the profile that DGB attracts (as do the majority of other 2nd tier coins, for that matter).

I think I'm going to create another key analysis class to further differentiate 1st and 2nd tier coins: if the "community" is bothered by hard hitting questions and professional expectations, then it's 2nd tier, do not pass go.
385  Economy / Economics / Re: The Era of P&D Is Over on: May 21, 2017, 10:16:12 PM
My thought is that anyone who says we're in a new era is usually wrong. I've heard it so many times in other markets that I just don't believe it anymore. There are no new eras. We have seen it all, and that includes crypto..

Perhaps you really mean to say that PREDICTING when a new era begins is usually wrong. If that's what you're meaning to say, then I agree with you.

I've taken great pains to make sure I reiterate again and again it's not IF, but WHEN, and that is what we're asking ourselves about. We're not questioning if it'll happen. IT WILL HAPPEN. There is no doubt about that. The question is when and how, and the key to this thread is that it is a QUESTION framed as: "is it happening under our noses right now?" It is not a prediction.

You wouldn't say there's never been new eras in the history of mankind would you?  Wink

Changes happen every minute of every day. The trick is to adapt in real time. For the more complex and complicated changes we face, the usual requirements are a little foresight, insight and predictive capabilities, and the process normally starts with analysis regarding relative past experience and precedent, and feasible possibilities.

What's the old saying? Never say never?
386  Economy / Economics / Re: The Era of P&D Is Over on: May 21, 2017, 10:05:05 PM
But P&Ds will be a thing forever.. Unless regulation will kick in.

this is a very interesting question. it looks like most legal clarifications so far treat crypto as forex. forex has nothing like the regulation that any stock market has. however crypto markets also contain the people who created and control the currencies. there's gotta be some conflict that regulators won't like in there somewhere.

i wonder as it gets bigger whether they'll let it continue to be a free for all or not.

I agree. It's a most interesting question, but, again, in my opinion, it's not a question of if, but when, and I think it's coming much sooner than anyone expects. We'd be remiss if we didn't. Not only to settle conflicts, but to also TAX the gains. Big money there for govs. Wink

And there are proactive consumer protection measures as well . . .

What's most interesting for me from a valuation standpoint is that regulation will be the end of it for a few entities, no doubt in my mind.
387  Economy / Economics / Re: The Era of P&D Is Over on: May 21, 2017, 09:54:55 PM
Pump and dumps wont just go away.

There is no laws and regulations that will make sure this cant happen.

And from what I know, then  there is a group called "fairpumpers" that are doing a public "fair" pump and dump.

But they also have a private group that has to pay .50 or .75 to get in.

Which sounds sketchy if you ask me.

But P&Ds will be a thing forever.. Unless regulation will kick in.

There's also a point where the free market ends P&D independent of regulation. It's a simple size thing. It's the reason why pink sheet penny stocks were always the favorite and why it's impossible to pump IBM, much less the EUR, for example.

BTC is arguably too big to be P&Ded now.

The thesis is that money flow into crypto is so large and so constant that other cryptocurrencies will soon be taken to similar capitalization levels, and that little by litte, probably sooner than later, through a series of across the board rallies with relatively shallow corrections, the top 25 to 50 eventual survivors will all be taken to similar levels. Perhaps we'll be talking about the "blue chips" and "penny stocks" of crypto in just a few months time. With the later, there will still be P&D, but will we see it through the same eyes by then? Or will it end up working against them, ironically speeding up their eventual death in so far as having a chance to go beyond cult status to mainstream acceptance?
388  Economy / Economics / Re: The Era of P&D Is Over on: May 21, 2017, 09:04:37 PM
Agree that SYS is undervalued. I haven't researched the others, but due to your posts, I will.

I'd add Monero to the list of solid coins. It's the most fungible and private coin available. With more money pouring into crypto, people will soon realize that they don't want merchants/others knowing how rich (or poor) they are since most of these coins are on transparent blockchains. With Monero the amount you send, the person you send it to, and your sending address are all not visible on the blockchain. In an era of government and corporate spying, the need for financial privacy is only going to increase.

Its value is poised to grow because of those reasons, but also because major features are due soon: Kovri I2P, multisig, and mobile wallets. The unofficial spokesperson, FluffyPony, gave a presentation to Coinbase earlier this year. As to whether Coinbase includes Monero with BTC and LTC remains to be seen.

XMR also is not a Bitcoin clone. It started from Bytecoin (which had a > 80% premine) but has been improved so much that to say it's a Bytecoin clone is no longer a good description. The devs (over 200 contributors with around 10 core devs) are top-notch, responsive, and involved. Monero has been academically reviewed and still undergoes extensive testing through the Monero Research Lab. It's survived several attacks and smear campaigns because the tech is solid and does what it claims to do. It's one of the few coins that doesn't engage in hype and out-of-control marketing, choosing instead to focus on its tech.

So, I believe it's still undervalued.

Monero is on the radar, but with "only" a 60x ratio specific revaluation prospect, I'm not sure about it getting an imminent boost to that level - there could be perceived negatives based on being a relative laggard within the top level group of the top 10 (by new money looking for the still relatively  "undiscovered" coin with "big potential"). For lower end appreciation prospects, I'm looking for something that serves the more hardcore bank vault equivalent, like BTC (not) or LTC. I like everything you have to say though, but I'm just not all that much in need of absolute privacy either, and especially not if basic security is compromised - not saying it is, but when there's a doubt . . . maybe someone else can help out with this . . . maybe I'm not adequately informed.

Thanks for pointing it out and reminding me to keep it on a front burner.  Smiley
389  Economy / Economics / Re: The Era of P&D Is Over on: May 21, 2017, 08:56:23 PM

I recently mentioned Nxt as one of my favorite most undervalued cryptocurrencies in a thread I started on the topic of true BTC ratio valuations and how we might get there.

Anyone who would like to “drop in” and share your reasons for holding Nxt, you have my warmest invitation to join in. What are your 5 top reasons for holding Nxt? What is special about Nxt?

Being undervalued in BTC ratio terms is only part of the story. Come over and tell us about the rest!

https://bitcointalk.org/index.php?topic=1925617.0


As requested.

1) In Nxt stake holders control consensus and get fees from transactions.
Unlike Proof-of-work where miners are in control of consensus and network which causes conflicts of interest and strife in proof-of-work currencies.

2) Nxt has pioneered many features that other coins adopted or think about adopting.

3) Nxt is the longest running cryptocurrency not cloned from Bitcoin. Different code is a good technique to diversify from possible flaws of the Bitcoin copycat coins.

4) Nxt has most dedicated devs who never miss a deadline.

5) And the last but not the least, Nxt is soon to become Nxt 2.0 on the Ardor platform. Ardor, like Nxt before it, is a pioneer of scaling solutions in the form of child chains, not seen in any of the other cryptocurrencies, featuring 35x better scalability than Nxt or Bitcoin on consumer grade hardware (your average laptops).

Lots happening there on a consistent real time basis! And lots to read and learn about for the future too. https://nxt.org/announcing-ardor/

Thanks for whetting our appetite!

Amazing what Nxt has done and continues to do.
390  Economy / Economics / Re: The Era of P&D Is Over on: May 21, 2017, 08:24:24 PM
I do not think the dumps are necessarily over (still thinly traded markets), but agree with the notion that - should the crypto currency growth endure - there will be a steady inflow of money seeking a part of this. And yes, definitely some of it will go into larger altcoins, if only as a speculative bet.

And all of this is good as long as the user base keeps growing, on to applications usable in real life. For now, I settle for Bitcoin's excellent 'decentralised trust' mechanism. Not a bad feature for medium term thinking, looking at the path major fiat currencies are currently taking.

Comparing Bitcoin with other investments by numbers, this is still very tiny and thus subject to major price variations. So also dumps I think. And there is no shock absorber  Cool

I sure hope early coins like Devcoin will make it to the other side. On the other hand, no coin really dies if there are two people sending each other coins  Roll Eyes

Yeah I don't see P&D completely dying all at once either. While I'm thinking the time might be now for the best of the best to be substantially revalued, there could be a few more rounds with the majority of coins and perhaps even more with the more speculative coins.

As you say, comparing strictly by numbers is very limited. Blockchain projects with applications usable in real life is extremely important, especially for the 2nd generation coins who don't intend to compete on a purely store of value level.

STEEM and BTS are a couple of my favorites precisely because of what they're doing in the "real life" area. NXT and SYS are 1st generation winners creating real, one stop, store of value and means of exchange, that is to say, true LTC rivals that will probably end up standing side by side with LTC in that space.

In any event, I completely agree that strict ratio analysis is only a relative springboard as it were, and I've invited people from each of the cryptos above to share their thoughts and ideas about their respective "coins" to hopefully expand the conversation a bit and make it more useful to all.

Thanks.
391  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: May 21, 2017, 07:06:11 PM

I recently mentioned Litecoin as one of my favorite most undervalued cryptocurrencies in a thread I started on the topic of true BTC ratio valuations and how we might get there.

Anyone who would like to “drop in” and share your reasons for holding Litecoin, you have my warmest invitation to join in. What are your 5 top reasons for holding Litecoin? What is special about Litecoin?

Being undervalued in BTC ratio terms is only part of the story. Come over and tell us about the rest!

https://bitcointalk.org/index.php?topic=1925617.0
392  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ⚒ Syscoin -Active Lightning Networks!Decentralized Business Blockchain Platform! on: May 21, 2017, 07:04:12 PM

I recently mentioned Syscoin as one of my favorite most undervalued cryptocurrencies in a thread I started on the topic of true BTC ratio valuations and how we might get there.

Anyone who would like to “drop in” and share your reasons for holding Syscoin, you have my warmest invitation to join in. What are your 5 top reasons for holding Syscoin? What is special about Syscoin?

Being undervalued in BTC ratio terms is only part of the story. Come over and tell us about the rest!

https://bitcointalk.org/index.php?topic=1925617.0
393  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Nxt :: descendant of Bitcoin on: May 21, 2017, 07:03:07 PM

I recently mentioned Nxt as one of my favorite most undervalued cryptocurrencies in a thread I started on the topic of true BTC ratio valuations and how we might get there.

Anyone who would like to “drop in” and share your reasons for holding Nxt, you have my warmest invitation to join in. What are your 5 top reasons for holding Nxt? What is special about Nxt?

Being undervalued in BTC ratio terms is only part of the story. Come over and tell us about the rest!

https://bitcointalk.org/index.php?topic=1925617.0
394  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Steemit.com: Blogging is the new Mining on: May 21, 2017, 07:01:33 PM

I recently mentioned Steem as one of my favorite most undervalued cryptocurrencies in a thread I started on the topic of true BTC ratio valuations and how we might get there.

Anyone who would like to “drop in” and share your reasons for holding Steem, you have my warmest invitation to join in. What are your 5 top reasons for holding Steem? What is special about Steem?

Being undervalued in BTC ratio terms is only part of the story. Come over and tell us about the rest!

https://bitcointalk.org/index.php?topic=1925617.0
395  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BitShares 2.0 on: May 21, 2017, 06:59:09 PM

I recently mentioned BitShares as one of my favorite most undervalued cryptocurrencies in a thread I started on the topic of true BTC ratio valuations and how we might get there.

Anyone who would like to “drop in” and share your reasons for holding BitShares, you have my warmest invitation to join in. What are your 5 top reasons for holding BitShares? What is special about BitShares?

Being undervalued in BTC ratio terms is only part of the story. Come over and tell us about the rest!

https://bitcointalk.org/index.php?topic=1925617.0
396  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: May 21, 2017, 06:27:36 PM


Big dumb sellers at confluence of support = major support.


https://i.imgur.com/AbpooiK.jpg
397  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign on: May 21, 2017, 06:18:25 PM
For everyone asking about the digibytegaming project problems (payout paused) or for the people that want some answers here you go (extracted from the dev live stream)

Jared- Digibyte Dev:

"We plan to start to work on Digibytegaming on the near future, currently we paused them (payouts) because there were a couple issues with CS:GO and with World of Warcraft, the reality is actually there is no way we can securely interact with those two API's, the only one we can run in the future is League of Legends because people can exploit the game itself"

----
Now my personal opinion and hype around this: If the price keeps growing, it could be possible to earn good money just by playing games, for now just League of Legends, but this could really change how gaming is seen, not just profitable for professional players but for dedicated players too. Also the coin could interact with other games as a real in-game payment form, streamer tips etc etc.

Please work toward this project because there are a lot of chances around it, and believe it or not, many people is interested on it, just watch, more than 2k people registered these days on the digibytegaming hub, and many are asking for that minecraft server, that are minor things, you could really partner up with them, and make something big, like real events and deals with game developers, not just some internet guys setting up a server.


How's it going to be financed? Who's going to pay for the payouts?

If you ask me, it's on permanent pause.

398  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: May 21, 2017, 11:38:25 AM


Idiot seller at 0.01273000 (size offer).
399  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign on: May 21, 2017, 11:12:46 AM
Today's pump stars:


https://i.imgur.com/ll3NTfb.png
400  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign on: May 21, 2017, 10:33:51 AM

DGB trading update:

David Halsey, the author of Trading the Measured Move, likes to say that markets move in measured moves, then extensions, and then straight up. When markets get to that straight up phase, he loves to say “it’s straight up, or not at all”.

That’s where DGB is right now: straight up, or not at all.

He also likes to say that only dumb bulls buy at highs.

That having been said, when markets are going straight up, it’s totally unpredictable. That’s because they are completely emotional markets at that stage. There’s no way to put good targets on the board. For example, using all kinds of TA references, the possible targets range from 900 SAT to 1800 SAT on this current thrust higher. Obviously, 900 SAT is much more likely from a probabilistic standpoint, but there’s really no way of getting a good gauge on things. The last good maximum extension target was 813. That why it’s “straight up, or not at all”. Watch the 15 minute charts for the first trend failure and then dump everything you’ve got left.

Because there will be a full 50% retrace of this move, IMVHO.


P.S. First places happen at highs. Wink

I sold a substantial portion of my holdings thinking "surely there will be a retrace" and I can make an easy few hundred thousand DGB profit here, and then it shot up yet again lol. I've given up hope of a substantial retrace, although I think we could see a 150 Satoshi flash crash. After it peaks of course it will "rebalance" perhaps 10% or so, but even after so long in the DGB market I can honestly say I have no idea where that peak may be. As your quote says, straight up or not at all, but it went straight up & then more, way past my wildest imagination.

Okay, we've got a "pause" that gives us a reference point or two. See chart below.


https://i.imgur.com/umrJYNJ.jpg

I think we'll see at least a full 50% retrace of the entire move from 17. Obviously not tomorrow, but sooner or later. DGB is not a 1st tier coin. I hypothesize that P&D is dead, but I do so in general, and with reference to the very best. Minor league coins will continue to get pumped and dumped for a good while yet (IMO), and DGB is still very much in that category (IMO).
 
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